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? >> harry reid won't get a paycheck if he doesn't pass a budget. we finally got his attention. >> i don't think there's any tag days for him getting a paycheck but thank you. >> about the g-7 -- >> my word, absolutely. currency wars front and center, particularly london, the world's major foreign exchange center. notice the stock markets are higher almost across the board. one of the major reasons the banks are rallying today, at the helm, barclays. unveiled a structureture to cut costs and rebalance the bank away from investment banking and the way consumer units grow organically much faster and return to internal equity of about 15%. the stock is up 18%. it continues to gain and dragging other banks in the uk and elsewhere and spain with it, and what the ceo had to say. >> we have to manage our capital very effectively and reduce our cost space and reduce the ratio of compensation to our net income. that's what we're talking about today. >> for the record, the average bonus investment banking at barclays is down 17% at $84,000. the big debate in europe remains on currencies, brussels,
't gotten anything with harry reid that can pass in the senate. he said i'm going to put it on congress to try to come up with plan, what he calls a balanced plan for more revenue as well as additional spending cuts. and from that conversation earlier that i had with alan simpson and erskine bowles, i heard from them both sides need to have pressure applied on them, the white house thinks we don't need as many cuts as simpson and bowles do and the president is saying no more revenue, and simpson and bowles saying, no, we need more revenue. today they even set a bar higher than they had in their commission report for additional deficit reduction. i asked them how can you ask for more when we haven't even gotten what you originally recommended. here's how they responded. >> well, we learned the hard way with our commission. the tougher we made it, the more support we got. either go big or go only home. >> we're going to have to push the white house on health care, we're going to have to push the republicans on revenue. >> go big or go home, that's their mantra. we'll see whether congress
Search Results 0 to 1 of about 2

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